UBA, LCCI to Create Value For SMEs At 2019 Lagos International Trade Fair

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

GTBank Releases Q3 2019 Unaudited Results, Reports Profit After Tax of ₦146.99 Billion

Key Highlights  Gross Earnings decreased by 3.3% to N326.03bn from N337.27bn in Q3 2018 Profit before Tax increased by...

How to Get Noticed by Your Boss’s Boss

You’re bright. You have good ideas, insights, and the ambition to take on more. But you aren’t getting the...
- Advertisement -
- Advertisement -

United Bank for Africa (UBA) Plc and the Lagos Chamber of Commerce and Industry (LCCI), have assured small-medium enterprises (SMEs) that the 2019 Lagos International Trade Fair will bring far-reaching benefits that will help transform their businesses and take it to the next level.

Group Head, Consumer and Retail Banking, United Bank for Africa (UBA) Plc, Mr. Jude Anele; Chairman, Trade Promotion Board and Vice-President, Lagos Chamber of Commerce and Industry(LCCI), Mr Gabriel Idahosa; and Head, SME Sales, Airtel Nigeria, Toyin Seriki, at the Press Conference organised by LCCI, the headline partner, UBA Plc with other partners, on the upcoming Lagos International Trade Fair 2019 in Lagos on Tuesday

UBA’s Head Group Consumer Retail Business, Mr. Jude Anele, who gave this assurance on Tuesday at a press conference to officially herald the 2019 Lagos International Trade Fair as well as unveil sponsors of the trade fair, said that Africa’s global bank has put in place various service offerings to guarantee that this year’s fair provides a veritable platform targeted at catalysing businesses to new highs.

He explained that the 33rd edition of Lagos International Trade Fair scheduled to commence on November 1st, 2019 is expected to provide an avenue for networking, trade and investment bound to boost business activities in Africa’s largest economy and by extension, Africa.

While ensuring that SMEs maximise their presence at the fair, Anele explained that UBA would provide uninterrupted banking services during the two-week event, and also provide advisory services to the small and medium entrepreneurs, which the bank realises is fundamental to achieving their business goals.

He said, “Worthy of mention is that merchants and entrepreneurs from other African countries and abroad would be able to conduct their transactions seamlessly without currency exchange hassles, using the extensive reach of UBA as a pan African bank with a presence in key commercial capitals in the world,”

“We have realised that critical to the success of SMEs in Africa is not necessarily access to finance, but their understanding of business and accounting mechanisms, process and procedures critical to their growth and existence especially on e-commerce, tax management, and bookkeeping and access to funding, and these are issues which we are trying to address,” he said.

Read:  Photo News: Moments from the UBA Wise Savers draw

Chairman, Trade Promotion Board and Vice-President, Lagos Chamber of Commerce and Industry(LCCI), Mr Gabriel Idahosa and Group Head, Consumer and Retail Banking, United Bank for Africa (UBA) Plc, Mr. Jude Anele, at the Press Conference organised by LCCI and the headline partner, UBA Plc, on the upcoming Lagos International Trade Fair 2019 in Lagos on Tuesday

Speaking on the ease of payment during the event, especially with African companies from outside Nigeria, Anele disclosed that UBA has successfully put in place solutions that would see the ease of payment within Africa.  “UBA will be deploying state-of-art Point of Terminals(POS) configured towards ensuring merchants receive immediate values in currencies of their choice,” Anele assured.

Read:  7,000 Naira Vouchers for grabs in M&M’s Happy Birthday Competition

The Bank further said that in line with its unflinching support to the growth of small and medium enterprises (SMEs), it has reached an agreement with the organisers of the fair to give 20% discount to its small and medium business customers who register to showcase their products and services at the fair.

A key activity at this year’s fair is the Africa Special Day, to be organised by UBA to promote Intra-African Trade. “At UBA, we believe that Africans must grow trade and investment amongst themselves. In pursuits of that goal, Africa Special Day will seek for the promotion of trade and investment among African countries.”

Also speaking, the Chairman, Trade Promotion Board, Mr. Gabriel Idahosa promised that the 33rd edition of West Africa’s flagship fair would bring the utmost value to entrepreneurs and businesses in Nigeria and beyond as he acknowledged the massive support being provided by corporate organisations such as UBA

Read:  Nigeria targets 3,000MW off-grid electricity by 2020

“At UBA, we have chosen a suitable partner with extensive reach on the continent with the capacity to engineer a seamless financial transaction expected of international trade fair of this magnitude,” he said.

Speaking further on the partnership with UBA, he said: “The LCCI and UBA have partnered to give exciting services to visitors and exhibitors at the fair. UBA is a foremost Pan African financial institution operating in 20 African countries, the United Kingdom and the USA and France, thus offering unique services to the delight of visitors and exhibitors during the fair.”

According to Idahosa, 40,000 square metres of exhibition spaces are available with over 2,000 exhibitors from 16 African countries and  200 foreign exhibitors expected in Lagos.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

Latest News

“Best Global Brands 2019” – Mercedes-Benz is once again the world’s most valuable luxury car brand

Mercedes-Benz further increased its brand value and is once again the world's most valuable luxury automotive brand. In the...

Owo Arugbo: Ekiti Begins N20,000 Payment To The Elderly As Monthly Stipend For Social Security Scheme

Ekiti State Governor, Dr Kayode Fayemi on Wednesday re-launched the social security Scheme for elderly citizens in the state with, a pledge to commit more...

Average Prices of Petrol and Cooking Gas drop in September – NBS

The average price per litre paid by consumers for Cooking Gas decreased to N1,976.11 in September 2019 from N2,000.34 in August 2019., according to...

Nestlé reports nine-month sales for 2019, revamps waters business as organic growth slows

Organic growth of 3.7%, with real internal growth (RIG) of 3.0% and pricing of 0.7%. Growth was supported by strong momentum in the...

GTBank Releases Q3 2019 Unaudited Results, Reports Profit before tax of ₦170.7 Billion

Guaranty Trust Bank plc (GTBANK) has released its unaudited financial results for the period ended September 30, 2019, to the Nigerian and London Stock...

More Articles Like This